Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out
Summary
Paraguay's state utility plans to end discounted electricity contracts for bitcoin miners when they expire at the end of 2027. Instead, the power supply will shift toward a newly approved artificial intelligence campus backed by Founders Fund.
Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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